This document summarizes a presentation on travel procurement metrics that help meet CFO expectations. It discusses:
1. Lagging indicators that show most CFOs are dissatisfied with travel spend management and best-in-class companies have high levels of spend under management and compliance.
2. The importance of understanding a company's current travel spending through baseline analysis before setting metrics to track and strategies to reduce costs.
3. Examples of effective metrics like tracking top city pairs by spend, advance purchase rates, and changes to itineraries that can help reduce average trip costs and calculate cost avoidance.
Dokumen tersebut membahas tentang gerak melingkar beraturan, termasuk definisi periode, frekuensi, kecepatan linear dan sudut, serta hubungan antara kecepatan linear dan sudut. Juga dibahas tentang percepatan sentripetal pada gerak melingkar beraturan.
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An eighteen-year study on the impact of business travel found that every dollar a company invests in T&E spending returns an average of $9.50 in revenue and $2.90 profit. While this data offers a clear and compelling reason to invest in business travel, many organizations are seeing their growth opportunities dashed by inefficient expense reporting and employee reimbursement processes. Now, an insightful new webinar from Accountex and Certify identifies the common expense management pitfalls that can cost you money and hold your company back. Plus, learn more about today’s top business travel and expense technology trends among small to mid-sized U.S. companies.
Discover how your company can maximize every business travel dollar. Topics include:
Common expense reporting mistakes that erode productivity and profits
The hidden and average expense report processing costs
Calculating lost productivity and lost opportunity among staff
U.S. business travel trends and T&E spending benchmarks
Top expense management technologies used by small and midsized business
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Banish timely spreadsheets and improve employee satisfaction, for good
Annual T&E expense spending trends and benchmarks by category
Top expense management challenges and goals for improvement
How to Identify the nearly 20% of out of policy company T&E’s
How mobile expense reporting to reduce processing costs by up to 65%
Ways to automate policy enforcement and improve compliance rates
Dokumen tersebut membahas tentang gerak melingkar beraturan, termasuk definisi periode, frekuensi, kecepatan linear dan sudut, serta hubungan antara kecepatan linear dan sudut. Juga dibahas tentang percepatan sentripetal pada gerak melingkar beraturan.
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This document summarizes a presentation given by Jack Reynaert, Manager of Global Travel and Meetings at Meritor, Inc., to Travelport's CTD Advisory Board on May 24, 2017 in Atlanta, GA. It discusses accessing travel data and analyzing it to optimize corporate travel programs. Key points include using corporate credit card data and spending analytics to increase compliance and savings, expanding card usage to new categories, and leveraging travel data and metrics to identify opportunities to improve programs and services.
How Automated T&E Expense Management Removes Barriers to Company GrowthAshley Emery
An eighteen-year study on the impact of business travel found that every dollar a company invests in T&E spending returns an average of $9.50 in revenue and $2.90 profit. While this data offers a clear and compelling reason to invest in business travel, many organizations are seeing their growth opportunities dashed by inefficient expense reporting and employee reimbursement processes. Now, an insightful new webinar from Accountex and Certify identifies the common expense management pitfalls that can cost you money and hold your company back. Plus, learn more about today’s top business travel and expense technology trends among small to mid-sized U.S. companies.
Discover how your company can maximize every business travel dollar. Topics include:
Common expense reporting mistakes that erode productivity and profits
The hidden and average expense report processing costs
Calculating lost productivity and lost opportunity among staff
U.S. business travel trends and T&E spending benchmarks
Top expense management technologies used by small and midsized business
2018 Expense Management Trends: How Will They Affect Your Company?Ashley Emery
This document summarizes a webinar on 2018 T&E trends and benchmarks to improve spend management. Key points include: T&E spending by US companies grew 13% to $296 billion in 2017; meals and gas make up the largest expense categories at 19% each; manual expense reporting costs $26.63 per report compared to $6.85 for automated; and automating expense reporting can reduce processing costs, increase compliance, and boost productivity. The webinar covered how companies can better manage travel spending and maximize ROI through expense control features in automated systems.
Five Expense Management Strategies That Save Time and Money While Banishing S...Ashley Emery
As accounting professionals and controllers are increasingly pressured to reduce costs and do more with fewer resources, expense management presents a significant opportunity to save both time and money in a number of ways. Find out how organizations today are managing the latest T&E expense spending, technology and business travel trends. Plus, learn how companies are using automation to streamline the expense reporting process, increase efficiency and productivity, and better control employee spending.
Topics covered include:
Banish timely spreadsheets and improve employee satisfaction, for good
Annual T&E expense spending trends and benchmarks by category
Top expense management challenges and goals for improvement
How to Identify the nearly 20% of out of policy company T&E’s
How mobile expense reporting to reduce processing costs by up to 65%
Ways to automate policy enforcement and improve compliance rates
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Expense management automation adoption and usage trends
Benchmark travel spending by category
Policy enforcement practices
Top drivers for expense management improvement initiatives
Enhance your audiences knowledge with this well researched complete deck. Showcase all the important features of the deck with perfect visuals. This deck comprises of total of forty four slides with each slide explained in detail. Each template comprises of professional diagrams and layouts. Our professional PowerPoint experts have also included icons, graphs and charts for your convenience. All you have to do is DOWNLOAD the deck. Make changes as per the requirement. Yes, these PPT slides are completely customizable. Edit the colour, text and font size. Add or delete the content from the slide. And leave your audience awestruck with the professionally designed Synergy Assessment Powerpoint Presentation Slides complete deck. https://bit.ly/3fqCpqv
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The document discusses strategies for effectively managing travel and entertainment (T&E) expenses. It notes that high transaction volumes, unpredictable spending, and lack of cost understanding prior to purchases require strong process control. Traditional T&E expense management involves slow reimbursement processes. The document recommends understanding spending patterns, implementing expense management automation and corporate cards, auditing expenses, and leveraging spending data to improve policies and reduce non-compliant expenses.
Expense Management in 2018: Planning for Success | December 19, 2017Ashley Emery
Expense Management in 2018: Planning for Success was a webinar that provided an overview of trends, benchmarks, and best practices for travel and expense management. It discussed how companies can improve processes and controls over spending, reduce costs, and increase compliance. The webinar highlighted data showing most organizations still rely on manual processes that are inefficient and costly, and that automation delivers significant returns through improved visibility, tighter policy controls, and lower processing fees. It emphasized setting policies, benchmarking spending, leveraging mobile and integrated systems, and demonstrated how to build a business case for investment in expense management technology.
Travel & Expense Management 2015: How to Establish a Successful T&E Policy an...Ashley Emery
As the second largest line item cost for most companies and organizations, travel and expense spending requires careful controls to maintain corporate policy and manage budgets. Each year, the U.S. General Services Administration (GSA) researches average costs for meals, lodging and incidental expenses in destinations throughout the 48 continental states. As a well-defined and well-researched guideline, the GSA per diem rate framework can be used by any organization to create a successful travel and expense management policy with greater control and visibility into T&E spend.
Essential Elements for Better Corporate Travel in 2019CertifyInc
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The webinar covered travel and entertainment expense management trends for 2016. Key topics included average spending amounts by category, common expense reporting headaches, and the costs to process expense reports. Automating expense reporting through web-based systems was shown to improve efficiency and compliance while reducing processing costs. Data was presented on current expense management practices and systems used. Attendees learned how best-in-class companies achieve return on investment through expense reporting automation in under two years on average.
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CEO Pay: A Middle Market Perspective, presented to the Minneapolis-St. Paul NASPP Chapter on March 27, 2014.
Executive compensation has continued to evolve in recent years. Companies are increasingly required to balance the need for competitive pay with the need to respond to increased scrutiny, particularly with regard to the relationship between pay and performance.
To provide some insight and perspective, Buck Consultants has recently completed a study of executive compensation practices and trends in the middle market. In this study, Buck analyzed total direct compensation for Chief Executive Officers in companies listed on the S&P 400 MidCap Index.
In this presentation, we will discuss our findings with regard to both current practices and trends for CEO pay in these Mid-Cap companies. Because long-term incentives typically comprised the largest portion of executive compensation, our study focused on prevalence, mix, usage and design of equity vehicles. Finally, we will look at governance issues, including corporate governance concerns and the degree of alignment between pay and performance.
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2017 T&E Expense Trends and Benchmark Spending | March 22, 2017Ashley Emery
This document summarizes a webinar about 2017 trends and benchmark spending for travel and entertainment (T&E) expenses. It discusses factors contributing to high expense report processing costs and top pain points around T&E management. Data is presented on average annual T&E budgets and typical spending breakdowns by category. The benefits of automation for streamlining expense reporting and controlling costs are also reviewed.
Leading trends in travel and entertainment expense management: The finance pr...Ashley Emery
Certify recently surveyed more than 500 CFOs, controllers and accounting professionals from outside of its customer base to uncover the top trends and best practices in expense management today. Find out what other small, midsized and enterprise businesses like yours are doing to navigate the complex expense reporting process, streamline workflow, and increase spending visibility and control.
Learn more about:
• Annual T&E expense spending by category and company size
• Common expense management challenges and expected benefits
• The factors and estimated costs to process an individual expense report
• Types of systems and processes currently used for expense management
• What it takes to achieve a return on investment with a new system
Effective T&E Expense Management: A Million Dollar Value PropositionAshley Emery
Join us to discover how companies of all sizes are leveraging technology to establish visibility, benchmark costs and expenses,
and establish controls that lower expense report processing costs, mitigate fraud, fuel more effective T&E spend, and
impact productivity across the enterprise. We will construct a million dollar business case for T&E expense management
done right and empower you to identify specific opportunities to improve T&E expense management at your company.
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3) The marketing team operates with speed and agility, constantly testing, optimizing, and changing course based on data, with a focus on repeatable and scalable processes.
Spend and Control 2017: Business Travel and Expense Technology Trends | Novem...Ashley Emery
Get the latest insights into today’s business travel trends and how they’re driving the purchase decisions and preferences of your employees on the road. You’ll also see survey results from more than 600 companies with insight into the tools and best practices they’re using to manage the expense reporting and reimbursement process.
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NBTA_TA2_GLP_PRESENTATION 8.6.09_Sonoda
1. TA2 – From Blocking and Tackling to
Strategic Managing: Meeting Your CFO’s
Expectations
August 25, 2009 – Session A
Travel Procurement Team
Janice Crawford, Kelly Henry Luedtke, CCTE,
Susan Long, CCTE, Yasuo Sonoda, CCTE, Karin
Thompson, CCTE & Karen VanBuskirk, CCTE
2. Lagging Indicators
Yasuo Sonoda, CCTE
Sonoda Travel Management Solutions
Principal Consultant
TravelGuru@SonodaTMS.com
Introductions
Today’s
World
Lagging
Indicators
Leading Edge
Indicators
Speaking Their
Language
Jeopardy!
Q & A
3. Lagging Indicators: Statistical Statements
Fewer than 40% of CFO’s are satisfied with
how their company is managing their travel
spend.
“While CFOs clearly view travel through a
cost-control lens, travel cost management
has so far made a minimal contribution to
companies’ overall cost control programs.”
Best-in-class companies
have 87% of T&E spend
under management with
90% average compliance
to travel policy.
62% of best-in-class
companies measure KPI’s
relating to T&E monthly
or more frequently.
1 of 13
Only 27% of the respondents
felt that their relationship with
the travel departments was
effective.
4. Lagging Indicators: Key Takeaways
Know your geography (baseline)
Track the “right” metric
Collaborate with your key stakeholders (i.e.
procurement, finance, etc.)
Use the right metrics to drive strategy
2 of 13
5. Know Your Geography
Complete the baseline analysis
What do we spend?
How are we spending it?
How can we control it?
How can we spend less?
Where should we focus for better control?
3 of 13
6. Report Distribution Example
• Benchmark
• Pareto
• Common Sizing
• Big Picture
• Region
• Organization
• Smaller
Chunks
• Department
• Analysts
• Category• Budget Groups
• Organization
• Department
• CC Mgrs
• Smallest Units
• Cost Centers
• Individual Mgrs
4 of 13
7. Interactive Dashboard
(Informersion - Business Objects – SAP - Xcelsius)
KPI gauge each unit’s target rates
Trend by quarter
Grouped by organization/department
5 of 13
8. Pareto Chart to Show Category Spend
Cumulative total % by $
Air sub-category spend by region (stacked)
6 of 13
11. Creating the “Right” Metrics
Complete the baseline analysis
Focus on unit cost control
Controllable vs. non-controllable
Apply 80/20 rule
Provide periodic management reports and integrate
findings into financial reports to C-suite execs
Measure ROI and performance quarterly and
annually
9 of 13
13. Metrics Example: Pre-Program Baseline
Rank City Pair Total $ (All Airlines) # Trips Average $
% Spend
by $
%
Cumulative
1 SJC-AUS 637,998$ 1,180 541$ 24% 24%
2 SJC-CHICAGO 325,658$ 658 495$ 12% 36%
3 SF-New York 325,541$ 523 622$ 12% 48%
4 SF-Boston 215,365$ 452 476$ 8% 56%
5 Dallas-SJC 156,258$ 421 371$ 6% 62%
6 Seattle-Chicago 148,652$ 326 456$ 6% 68%
7 Denver-SFO/SJC 102,325$ 268 382$ 4% 71%
8 AUS-Chicago 99,658$ 163 611$ 4% 75%
9 LAX-SJC 96,542$ 325 297$ 4% 79%
10 SF/SJC-MIA 68,547$ 165 415$ 3% 81%
Top 10 Total 2,176,544$ 4481 486$
All Other 501,259$ 1171 428$
Grand Total 2,677,803$ 5652 474$
2004 Top Domestic City Pair by # of Trips (US POS)
AdvPurch PaidFare #Tickets
Average
$
% Total by # % Total by $
< 7days 445,628$ 621 718$ 53% 70%
7-13Days 113,625$ 324 351$ 27% 18%
>= 14Days 78,745$ 235 335$ 20% 12%
Grand Total 637,998$ 1,180 541$ 100% 100%
TransType PaidFare #Trans. #Trips
Original 637,998$ 1,180 1,180
Exchange* 12,685$ 321 0
SVC Fees** 21,470$ 113 0
Grand Total 672,153$ 1,614 1,180 570$
*Includes agency fees
**No add/collect, just the change fee, includes agency fees
2004 SJC-AUS Advance Purchase Analysis
2004 SJC-AUS Ticket Change Cost Analysis
True Average Cost Per
Trip
ABC Corporation Top City Pair Spend Analysis*1. Identify top city pairs to
apply 80-20 rule;
2. Establish KPI;
3. Reduce unit costs
Above example is roundtrips only (90% of company
trips). If this is not true, use the O&D segment
analysis instead.)
Reduce tickets w/less than
7 days advance
Reduce changes to
itinerary
11 of 13
14. Metrics Example: Post-Program Results
Results (Top city pair example)
AdvPurch PaidFare #Tickets
Average
$
% Total by # % Total by $
< 7days 445,628$ 621 718$ 53% 70%
7-13Days 113,625$ 324 351$ 27% 18%
>= 14Days 78,745$ 235 335$ 20% 12%
Grand Total 637,998$ 1,180 541$ 100% 100%
TransType PaidFare #Trans. #Trips
Original 637,998$ 1,180 1,180
Exchange* 12,685$ 321 0
SVC Fees** 21,470$ 113 0
Grand Total 672,153$ 1,614 1,180 570$
2004 SJC-AUS Advance Purchase Analysis
2004 SJC-AUS Ticket Change Cost Analysis
True Average Cost Per
Trip
AdvPurch PaidFare #Tickets
Average
$
% Total by # % Total by $
< 7days 386,541$ 529 731$ 42% 61%
7-13Days 185,621$ 535 347$ 42% 29%
>= 14Days 79,258$ 198 400$ 16% 12%
Grand Total 651,420$ 1,262 516$ 100% 102%
TransType PaidFare #Trans. #Trips
Original 651,420$ 1,262 1,262
Exchange* 9,864$ 254 0
SVC Fees** 18,050$ 95 0
Grand Total 679,334$ 1,611 1,262 538$
2005 SJC-AUS Advance Purchase Analysis
2005 SJC-AUS Ticket Change Cost Analysis
1. # of tickets issued w/less
than 7day notice reduced
by 21% (from 53% to 42%)
2. Average ticket price reduced
from $541 to $516 (5% or
$32K reduction)
3. Airfare per trip reduced from
$570 to $538 (6% or $40K)
Issues: What if the average
cost increased even after
shifting?
Answer: Calculate cost
avoidance
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15. Cost Avoidance Example
• Calculate spend if the same % of tickets from the previous period were
purchased with less than 7 days advance
# TKTs % Total by# Fare$
669 53% 533,081$
341 27% 125,052$
252 20% 125,695$
1262 100% 783,828$
2004 Numbers
AdvPurch PaidFare #Tickets Average $ % Total by # % Total by $
< 7days 445,628$ 621 718$ 53% 70%
7-13Days 113,625$ 324 351$ 27% 18%
>= 14Days 78,745$ 235 335$ 20% 12%
Grand Total 637,998$ 1,180 541$ 100% 100%
2004 SJC-AUS Advance Purchase Analysis
AdvPurch PaidFare #Tickets Average $ % Total by # % Total by $
< 7days 421,548$ 529 797$ 42% 59%
7-13Days 196,256$ 535 367$ 42% 27%
>= 14Days 98,512$ 198 498$ 16% 14%
Grand Total 716,316$ 1,262 568$ 100% 100%
2005 SJC-AUS Advance Purchase Analysis
•If the % of tickets issued less
than 7days advance did not
change, company would have
paid additional $67,512 (=cost
avoidance)
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